ST. GEORGE – An Ivins man says he received a counterfeit $100 bill from Chase Bank.

Kipp Hagaman has camped out since Tuesday on the street corner in front of Chase Bank, 95 E. Tabernacle St. His large cardboard sign read:“Chase Bank Passed Me A Counterfeit $100 Bill!!”

According to Hagaman’s transaction receipt from Chase Bank, on March 15 at 3:53 p.m., he withdrew $2,000 from an account at Chase Bank on 95 E. Tabernacle St.

Hagaman said he received his $2,000 from Chase Bank as twenty $100 bills. He said that when he entered the bank he only had $3 on his person.

“I know that I had no other $100 bill,” Hagaman said. “I came here because I had bills to pay.”

After receiving his money at Chase Bank, Hagaman said he went directly to Check City, 490 W. St. George Blvd. According to his Check City receipt, he paid them $1,000 cash for a bill at 3:59 p.m. According to a second receipt from Check City, he then sent a six-page fax at 4:12 pm and paid $3 cash.

Hagaman said that he left Check City at about 4:13 p.m. and then went to America First Credit Union, 1564 W. Sunset Blvd. He said he attempted to pay another bill with the ten remaining $100 bills he received at Chase Bank.

Hagaman said that the teller at America First Credit Union thought one of the $100 bills was peculiar. Hagaman said that the teller spoke with the assistant branch manager and that they told Hagaman that one of his $100 bills was counterfeit. Hagaman said they asked him where he received the bill and he said Chase Bank.

Chase are theives. My son opened his first checking account with Chase after what seemed an offer he couldn’t refuse. $125.00 free, just for opening a Chase checking account! They proceeded to deduct that $125.00 in checking and debit card fees and then some. Chase also fraudclosed on my sister’s home. I want Chase to die.

Funny to see this post. I was in a local gas station recently and a cop was trying to pay with a counterfeit Benjamin. Another related story is when my debit card got hacked 2 weeks before x-mas and when I found out I asked the BANKSTER if I should call the FBI , HE SAID, OH NO,NO WE WILL PUT THE MONEY BACK AND TRIED TO SELL ME DEBIT CARD PROTECTION FOR 10 BUCKS A MONTH. WTF!!!

“’I came here in good faith trusting that I’d get money and not a piece of paper that’s worthless,’ Hagaman said.”

Um, our currency is nothing more than paper, representative of and backed by … nothing. This wasn’t always the case, but has been for 40 or so years since Nixon eliminated any precious metal backing in our monetary system.

The Coinage Act of 1792 was the basis for our “dollar,” and was in fact enacted prior to the US Constitution.

If you read to the very bottom of the original article the above is linked to, you will see that the Chase bank ended up depositing $100 in his account (which, of course, is what they should have done in the first place, after they’d been informed, and been shown proof, that they’d issued a counterfeit bill by mistake).

Question: If they hadn’t refunded the money, could/would they be open to charges of passing counterfeit currency? LEAVING ASIDE ALL DEBATE ABOUT THE LEGITIMACY OF FIAT CURRENCY, O.K.?

I kept thinking he should have reported Chase to the FBI, the FBI being where one reports such things. This is one of those things which “The internet never forgets”, so people would keep asking the FBI “What happened?“. Not receiving answers, the story would continue to grow.

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